Economy, Business And Markets

TEDPIX Stays Down, Investors See Red

TEDPIX Stays Down, Investors See RedTEDPIX Stays Down, Investors See Red

Tehran Stock Exchange’s main index lost 99.10 points or 0.16% to close Sunday trade at 62,310.7. More than 334 million shares valued at more than $16.09 million changed hands.

All indices ended in the red. The Price Index shed 38.60 points or 0.16% to reach 24,257.1. The First Market Index dropped 78.90 points or 0.18% to finish at 42,793.0. The Second Market Index plummeted 160.40 points or 0.11% to end at 141,000.6. The Industry Index slipped 94.30 points or 0.18% to reach 51,745.0.

The Free Float Index plunged 138.48 points or 0.20% to register 68,244.50. The TSE 30 Index lost 6.00 points or 0.23% to record 2,616.7, and the TSE 50 Index fell 4.30 points or 0.17% to settle at 2,537.3.

Close to 60% of the listed companies worked against the benchmark. Bandar Abbas Oil Refining Company, with a P/E ratio of 12 and 52.33 points, was the biggest market laggard, followed by Isfahan Oil Refining Company and Mobarakeh Steel Company with 43.01 and 12.14 points respectively.

Ghadir Investment Group with 53.27 points gave the biggest boost to TEDPIX. Mobin Petrochemical Company and Parsian Oil and Gas Development Company took the second and third places with 3.95 and 3.75 points respectively.

  IFX Slides to 0.56%

Iran Fara Bourse’s all-share index gave up 4.8 points or 0.56% to end Sunday trade at 687.94.

According to IFB, more than 64.9 million securities valued at $11.7 million changed hands in 11,000 transactions.

Eghtesad-e Novin Investment Company was crowned as the top daily gainer and recorded the highest daily trade volume and value with the transaction of 5.2 million shares valued at $617,647.

Novin Insurance, Fanava Telecommunications Company, Tadbirgaran-e Fars, and Khuzestan Company recorded the highest increase in shares’ value.

Ghasem Iran Distribution Company, Lavan and Tehran oil refining companies registered the highest decline.

Bahman Diesel, Isfahan Steel Company and Bank Day were also on investors’ radar.

Etemad Fund, with the transaction of 1 million shares, registered the highest trade volume among listed exchange-traded funds. Furthermore, 100,000 participation bonds of Shiraz Municipality were sold out.